{"id":45767,"date":"2023-05-25T05:31:00","date_gmt":"2023-05-25T04:31:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=45767"},"modified":"2023-05-26T13:11:01","modified_gmt":"2023-05-26T12:11:01","slug":"morning-brief-debt-ceiling-warning","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/","title":{"rendered":"Morning Brief – Debt Ceiling Warning"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

The US dollar<\/a> continued to gain strength and equity markets remained under pressure as no resolution to the debt ceiling caused risk-off moves, and also we had warnings on the US debt limit stalemate from both Moody\u2019s and Fitch today.<\/p>

Fitch placed the United States\u2019 ‘AAA’ on rating watch negative and noted that \u201cThe contested 2020 presidential election, brinkmanship over the debt limit to advance political agendas, and failure to reach consensus on the country’s fiscal challenges are recent signs of the deterioration in governance.<\/em>\u201d<\/p>

The ratings agency Fitch also said that the \u201cUnited States’ ‘AAA’ rating watch negative reflects increased political partisanship that is hindering resolution to raise or suspend debt limit.<\/em>\u201d<\/p>

The South Korea economy also placed a central role in the Asian session as the Bank of Korea maintained its base rate at 3.5% during its May meeting, as widely expected, holding rates for the third straight time as inflation appears to be slowing amid an economic slowdown.<\/p>

Essentially, the move came after the central bank delivered seven consecutive hikes since April 2022. Policymakers said the domestic economy has continued to slow, with ongoing sluggishness of exports and investment.<\/p>

Still, the economy is expected to improve gradually from H2 of 2023, due to a recovery in China and in IT industry. For this year, GDP growth is projected to be 1.4%, less than the February forecast of 1.6%.<\/p>

Meantime, 2023 headline inflation is forecast to be 3.5%. Core inflation is estimated to be 3.3%, higher than the previous forecast of 3.0%.<\/p>

The board reiterated it will judge whether the base rate needs to rise further while assessing the pace of inflation slowdown, downside risks and financial stability risks, the effects of tightening, and policy changes in major countries.<\/p>

Also saw inflation data from the South Korean economy in the form of PPI. Producer Price Inflation in South Korea dipped 0.10 percent on a monthly basis in April 2023 following a 0.10 percent increase in March of 2023.<\/p>

It pointed to the first month of decline in producers’ inflation since December 2022 led by falls in factory gate prices for electric power, gas, water & waste and agricultural, forestry & marine products.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The US dollar continued to gain strength and equity markets remained under pressure as no resolution to the debt ceiling caused risk-off moves, and also we had warnings on the US debt limit stalemate from both Moody\u2019s and Fitch today. Fitch placed the United States\u2019 ‘AAA’ on rating watch negative and noted that \u201cThe contested […]<\/p>\n","protected":false},"author":4,"featured_media":45769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[792,788,67],"yoast_head":"\nMorning Brief - Debt Ceiling Warning - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - Debt Ceiling Warning Morning Brief - Debt Ceiling Warning\" \/>\n<meta property=\"og:description\" content=\"The US dollar continued to gain strength and equity markets remained under pressure as no resolution to the debt ceiling caused risk-off moves, and also we had warnings on the US debt limit stalemate from both Moody\u2019s and Fitch today.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-25T04:31:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-26T12:11:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/05\/GettyImages-504290829.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"666\" \/>\n\t<meta property=\"og:image:height\" content=\"497\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - Debt Ceiling Warning Morning Brief - Debt Ceiling Warning\" \/>\n<meta name=\"twitter:description\" content=\"The US dollar continued to gain strength and equity markets remained under pressure as no resolution to the debt ceiling caused risk-off moves, and also we had warnings on the US debt limit stalemate from both Moody\u2019s and Fitch today.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Morning Brief – Debt Ceiling Warning\",\"datePublished\":\"2023-05-25T04:31:00+00:00\",\"dateModified\":\"2023-05-26T12:11:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/\"},\"wordCount\":357,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"South Korean economy\",\"US Debt Ceiling\",\"US Dollar\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/\",\"url\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/\",\"name\":\"Morning Brief - Debt Ceiling Warning - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-05-25T04:31:00+00:00\",\"dateModified\":\"2023-05-26T12:11:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Morning Brief – Debt Ceiling Warning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Morning Brief - Debt Ceiling Warning - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/","og_locale":"en_GB","og_type":"article","og_title":"Morning Brief - Debt Ceiling Warning Morning Brief - Debt Ceiling Warning","og_description":"The US dollar continued to gain strength and equity markets remained under pressure as no resolution to the debt ceiling caused risk-off moves, and also we had warnings on the US debt limit stalemate from both Moody\u2019s and Fitch today.","og_url":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-05-25T04:31:00+00:00","article_modified_time":"2023-05-26T12:11:01+00:00","og_image":[{"width":666,"height":497,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/05\/GettyImages-504290829.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Morning Brief - Debt Ceiling Warning Morning Brief - Debt Ceiling Warning","twitter_description":"The US dollar continued to gain strength and equity markets remained under pressure as no resolution to the debt ceiling caused risk-off moves, and also we had warnings on the US debt limit stalemate from both Moody\u2019s and Fitch today.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Morning Brief – Debt Ceiling Warning","datePublished":"2023-05-25T04:31:00+00:00","dateModified":"2023-05-26T12:11:01+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/"},"wordCount":357,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["South Korean economy","US Debt Ceiling","US Dollar"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/","url":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/","name":"Morning Brief - Debt Ceiling Warning - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-05-25T04:31:00+00:00","dateModified":"2023-05-26T12:11:01+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-ceiling-warning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Morning Brief – Debt Ceiling Warning"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/45767"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=45767"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/45767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/45769"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=45767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=45767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=45767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}